Trump: Cook seems to have engaged in misconduct

ChainCatcher news, according to Jinshi reports, U.S. President Trump (referring to Federal Reserve Governor Cook) stated, "We are ready for a legal battle. Cook seems to have engaged in misconduct. We need people who are 100% honest and upright."

ChainCatcher news, according to yesterday's report, U.S. President Trump signed a document to remove Federal Reserve Governor Cook from his position, effective immediately. Trump stated in the document: "By the powers granted to me under Article II of the U.S. Constitution and the amended Federal Reserve Act of 1913, I hereby remove Cook from his position on the Board of Governors of the Federal Reserve System, effective immediately. Given Cook's dishonest behavior in financial matters and potential involvement in criminal activities, I cannot have confidence in your integrity. At the very least, these actions expose serious negligence in your financial dealings, raising doubts about your ability and credibility as a financial regulator."